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Retirement Plan Coverage of Baby Boomers: Analysis of 1998 SIPP Data

Baby Boomers form the largest group of U.S. workers. In 1998, the reference period for this comprehensive study of the retirement coverage of all U.S. workers, boomers (then aged 33 to 52) represented 51% of the workforce. This AARP Public Policy Institute chartbook by Satyendra K. Verma analyzes the retirement coverage for boomers as well as younger workers (age 16-32), older workers (age 53-64), and retired workers (age 65 and older). Coverage is defined in three broad measures: at current job, during entire career, and any (and all) coverage--which includes pensions, IRA and Keogh accounts.

Clearly displayed in many charts and tables (with brief explanations or thematic highlights) is retirement plan coverage by many factors, including age, gender, income, education, marital status, and race. Other categories include class of employment (private or public), size of firm, length of time on primary job, and full or part-time employment. Besides retirement coverage, the book also details types of plans (defined-benefit and defined-contribution plans), rollovers, and lump-sum distributions--including the ways in which these distributions were spent or channeled. (79 pages).